Consumer Credit in the United Arab Emirates

Abstract
2021 saw banks introduce attractive cash advance offers to credit card holders in the United Arab Emirates, as the low interest rates of banks led many consumers to shift investment priorities to non-banking products other than savings accounts. At the same time, global lower interest rates also reduced return on investments for banks. Declines in consumer expenditure due to the closure of travel and various services during 2020 had impacted card spending; however, as the economy began to recove...

Consumer Credit in United Arab Emirates report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

Product coverage: Auto Lending, Card Lending, Durables Lending, Education Lending, Home Lending, Other Personal Lending.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Consumer Credit market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Content
Consumer Credit in the United Arab Emirates

CONSUMER CREDIT IN THE UNITED ARAB EMIRATES
KEY DATA FINDINGS
2021 DEVELOPMENTS
Cash advance on credit cards
Buy Now Pay Later options become popular among millennials and underserved segments
Fintech start-ups embrace small credit
PROSPECTS AND OPPORTUNITIES
Credit cards to feel the impact of BNPL platforms although banks may respond
Growing number of fintech players in the lending space may call for regulations
Banks eager to support SME but focus on certain segments in consumer loans to continue
CATEGORY DATA
Table 1 Consumer Credit: Outstanding Balance by Category: Value 2016-2021
Table 2 Consumer Credit: Outstanding Balance by Category: % Value Growth 2016-2021
Table 3 Consumer Credit: Gross Lending by Category: Value 2016-2021
Table 4 Consumer Credit: Gross Lending by Category: % Value Growth 2016-2021
Table 5 Forecast Consumer Credit: Outstanding Balance by Category: Value 2021-2026
Table 6 Forecast Consumer Credit: Outstanding Balance by Category: % Value Growth 2021-2026
Table 7 Forecast Consumer Credit: Gross Lending by Category: Value 2021-2026
Table 8 Forecast Consumer Credit: Gross Lending by Category: % Value Growth 2021-2026
CONSUMER LENDING IN THE UNITED ARAB EMIRATES
EXECUTIVE SUMMARY
Consumer lending in 2021: The big picture
2021 key trends
Mortgages/housing active with issuance of Golden Visas, Emirati housing schemes and first-time property buyers
Fintech players bridge gaps
What next for consumer lending?
MARKET DATA
Table 9 Consumer Lending: Outstanding Balance by Category: Value 2016-2021
Table 10 Consumer Lending: Outstanding Balance by Category: % Value Growth 2016-2021
Table 11 Consumer Lending: Gross Lending by Category: Value 2016-2021
Table 12 Consumer Lending: Gross Lending by Category: % Value Growth 2016-2021
Table 13 Consumer Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 14 Mortgages/Housing: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 15 Consumer Credit: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 16 Card Lending: Non-performing vs Other Loans Outstanding Balance: % Value 2016-2021
Table 17 Forecast Consumer Lending: Outstanding Balance by Category: Value 2021-2026
Table 18 Forecast Consumer Lending: Outstanding Balance by Category: % Value Growth 2021-2026
Table 19 Forecast Consumer Lending: Gross Lending by Category: Value 2021-2026
Table 20 Forecast Consumer Lending: Gross Lending by Category: % Value Growth 2021-2026
DISCLAIMER
SOURCES
Summary 1 Research Sources